Loading…
August feeder cattle settled near the session high at 262.90 and approached the all-time high of 264.675. The Feeder Cattle Index rose to 248.44 and was expected to challenge 250.00.
Limited feeder supply and firm cash feeder index support feeder futures, though August's premium to the index raises the risk of a pullback if the index stalls.
ibestmedia.comMay 22, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Strong cash trade pushed August feeders near the all-time high with the Feeder Cattle Index rising, signaling tight supply and breakout buying.
